Auctions

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Bigger Multifamily Properties Hit the Block

It seems default is creeping out of the residential sector and we’re seeing it in some larger multis. This month we are quarterbacking the sale of 20 units in a bankruptcy auction in Cambridge Massachusetts. This is a Tranzon Auction Properties Deal (you might know I represent Tranzon in southern New England).I also saw that [...]

16Jun2008 | Brecht Palombo | 0 comments | Continued
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More Banks May HAVE to Sell at Foreclosure

It is the norm for big banks foreclosing in Massachusetts to use the process simply as a title clearing procedure. The way it works is that there is minimal marketing and the bid process involves the foreclosing attorney “bidding the debt” or bidding the full amount that the bank has into the property. Very often [...]

12May2008 | Brecht Palombo | 0 comments | Continued
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Massachusetts Residential Market Takes a Beating

The Warren Group reported today that Massachusetts housing prices worsened and both sales and values declined substantially again in March (08).
single-family homes in Massachusetts fell more than 10 percent in March, the second-steepest price drop since The Warren Group began recording prices in 1987. The last time prices declined by more than 10 percent was [...]

28Apr2008 | Brecht Palombo | 0 comments | Continued
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